Shree Cements rises 0.56% as Sensex climbs
Shree Cements Ltd. traded at Rs 26791.75 on BSE at 10:30AM (IST) on Wednesday, up 0.56 per cent from previous close.
The stock quoted a 52-week low price of Rs 20165.8 and a high of Rs 27284.85.
Earlier, shares of the company saw a gap up opening in the morning.
A total of 172 lakh shares changed hands on the counter till 10:30AM (IST).
The stock of Shree Cements Ltd.
commanded a market value of Rs 96849.93 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 61.94, while the price-to-book value ratio stood at 5.07. Return on equity (ROE) was at 6.81 per cent, according to exchange data.
In the BSE500 pack, 284 stocks traded in the green, while 217 stocks were in the red.
The stock's beta value, which measures volatility in relation to the broader market, stood at 1.16.
Promotor/FII Holding Promoters held 62.55 per cent in Shree Cements Ltd.
as of 30-Sep-2023 while overseas and domestic institutional investors owned 12.21 per cent and 7.68 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 24831.0 on October 18, while the 50-DMA was at 25271.4. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward.
